Success and Leadership at Muthoot Group, It Is Our Aim to See, Be and Express the Real Self That We Are – Complete, Fulfilled and Abundant

Total Page:16

File Type:pdf, Size:1020Kb

Success and Leadership at Muthoot Group, It Is Our Aim to See, Be and Express the Real Self That We Are – Complete, Fulfilled and Abundant VOL XVII / ISSUE #2 / JUNE 12 for private circulation only From the Chairman’s Desk Success and Leadership At Muthoot Group, it is our aim to see, be and express the real self that we are – complete, fulfilled and abundant. Well, this makes us strive even harder towards the steeper targets that we set for ourselves. We question our own growth and not that of others. As the nation’s largest Gold Loan Company, Muthoot Finance has registered an impressive growth in all business metrics in the financial year 2011-12. The total income went up by 96% and the net profit registered a growth of 80%. Assets valued at ` 24673 crore reported a robust growth of 55%. In line with the good performance, the Board of Directors of the Company has recommended, a maiden dividend of 40% for the fiscal ended March 2012 subject to the shareholders approval. As our branch network expanded to 3678 and the team growing by 52% in size, we have added 13 lakh new gold loan accounts in the year. With restrictions being imposed by The Reserve Bank of India in March 2012 on the maximum loan that can be given against the value of the jewels pledged, we have substantially redefined the operating environment of the Company. Concrete steps are being taken to sustain growth and profitability in the changing business environment and in strict compliance with the RBI directives. Moving beyond the objective of profit, we have redefined the social purpose of the Company. Having done this, we have attempted at bringing about a convergence of values, perspectives and the interests of social aspects of the business environment. As part of the ensuing corporate social responsibility drive, Muthoot Finance has recently been conferred the Golden Peacock International Award in the financial services sector. We have taken a conscious decision to commit ourselves to social upliftment as a part of our policy. God Almighty was kind to us in showering His blessings 30, 60 and 100 fold on us. So we are thankful to God, our staff members and our valued customers. I strongly believe that courage is a state of mind and we at The Muthoot Group would like to move ahead with mettle to win, always. For this I desire each one to come up as a lion-hearted individual, willing to go the extra mile. Chairman M.G. George Muthoot Centenary Celebration – Valedictory Function held at Kozhencherry on 20th April 2012 presided by H.H Valiya Bava. Mr. M.G. George Muthoot, Chairman, Mr. George Alexander Muthoot, Manging Director, Mr. George Thomas Muthoot, Jt. Managing Director, Mr.George Jacob Muthoot, Jt. Managing Director, The Muthoot Group & Dr. Georgie Kurien, Executive Director, Muthoot Health care Division attended the function. IPL 2012 Mr. M.G. George Muthoot, Chairman, The Muthoot Group Mr. George M George, Executive Director, The Muthoot Group presented Man of the Match Award to Mr. Sourav Ganguly presented Man of the Match Award to Mr. Jacques Kallis for for Delhi Daredevils V/s. Pune Warriors match held on 21st Delhi Daredevils V/s. Kolkata Knight Riders match held on 7th April 2012 at Feroz Shah Kotla, Delhi. May 2012 at Feroz Shah Kotla, Delhi. Mr. Alexander M George, Director, The Muthoot Group Muthoot M George Foundation donated ` 1 lakh for presented Man of the Match Award to Mr. Virender Sehwag “KANIVE 95” a project of Shanthi Medical Information for Delhi Daredevils V/s. Mumbai Indians match held on 27th Centre, Thrissur for Kidney Patients. Mr. P.P. Radhakrishnan, April 2012 at Feroz Shah Kotla, Delhi. Regional Manager, Thrissur handed over the cheque. Muthoot Securities Ltd. conducted Investor Awareness Programs at As a CSR initiative of Muthoot Group in association with Lions Club Cochin Pride, a Drinking Water Project was started at Kumbalangi Govt. UP School, Muthoot M George Foundation donated Ernakulam. Mr. Dominic Presentation, ` 25,000/- to Prathyasha Kendram, MLA inaugurated the Project. Rajahmundry. Idukki a registered society working under Kerala State AIDS Control Society. Mr. Joy Varghese, Panchayath President, Vazhathoppu, Mr. Varghese V, Regional Manager, Idukki, Mrs. Prebha Thankachan, Standing Committee Chairperson, Grama Panchayathu, Mr. Tomy Kochukudy, Member, Gramapanchayathu, Mr. Jalaludheen Channarayapatna Branch under Mysore Social reformer, Cheruthony, Mr. Scariah Region paid MMGF Marriage Assistance to Smt. Manjula for the Marriage of her Chacko, Regional Manager, KSCARD Mannarkkad. Bank were present at this function. daughter. Muthoot Partners with Axis Bank for Muthoot Shopping /Utility Prepaid Card Muthoot Vehicle and Asset Finance Ltd. (MVFL), the Vehicle Financing Division of Muthoot Group, has signed an agreement with Axis Bank for launching Muthoot Shopping/ Utility Prepaid Cards. This prepaid card can be used at all merchant outlets on Axis Bank POS (Point of Sale)/EDC machines. This comprehensive program targeting the common man is a secure, efficient and cost-effective payment system. This prepaid card will be available at all Muthoot Branches and can be reloaded from any of them for a maximum amount of ` 10,000 at any given time. Initially the card will be introduced The launching ceremony of Delhi in Kerala and later on in the other states also. Daredevils coin was done by Mr. M.G. George Muthoot, Chairman, The Muthoot Group, by handing over the elephant tuskers memento with the gold coin embedded in it to Mr. Virender Sehwag, in a colourful function held at ITC Maurya on 31.03.2012 in the presence of Mr. Alexander M. George, Director, The Muthoot Group and Mr. P.E. Mathai, CEO, Muthoot Precious Metals Corporation. Mr. George Alexander Muthoot, Managing Director, The Muthoot Group handing over the agreement to Mr. Jacob Ninan, Circle head, Axis bank in the presence of Mr. K.R. Bijimon, Chief General Manager, Muthoot Group, Mr. Gerald K John, GM-MVFL, Mr. Sreekesh, Deputy Vice President Axis Bank. Muthoot Group Executive Director, Mr. K.P. Padmakumar presented a Bajaj Pulsar Bike to Dr. Samuel John who won the prize in the lucky draw held for the customers who bought coins during March, 2012. Mr. M.K. George, Sr. Regional Manager, Muthoot Finance Ltd., Mr. George M Jacob, Director, The Muthoot Group, Mr.Sasi Kumar, General Manager, Amrita TV, Mr. George Jacob Muthoot Joint Managing Director, The Muthoot Group, Muthoot Vehicle & Asset Finance Ltd. conducted Free Mr. George Alexander Muthoot, Managing Director, The Muthoot Medical Camp at Desam (Alwaye) jointly with the Desam Group and Mr. P.E. Mathai, Chief Executive Officer, Muthoot Senior Citizens Forum & Little Flower Hospital, Angamaly Precious Metals Corporation were present in the function. on 24th April 2012. Muthoot Precious Metals Corporation (MPMC) handed over one of the first prizes of the Lucky draw conducted for the customers, who purchased coins in the month of March 2012 to Ms. Usharani from Tuticorin. The first prize of Hyundai Eon car was awarded to Ms. Usharani by Mr. George Jacob Muthoot Joint Managing Navajyothi MOMS Charitable Society honoured Mr. M.G. Director, The Muthoot Group in the presence of Mr. P.E. Mathai George Muthoot Chairman, The Muthoot Group at a function CEO MPMC ,Mr. C.S. Rajendran, Ex. Director of Tamilnadu held at Navajjothi MOMS Society. Navajyothi MOMS Society Mercandile Bank, Mr. T.M. Mathew AGM Kollam,Mr.Noble Jose Director Daniel Varghese was present on the occasion. J., Regional Manager in a colorful function held at Tuticorin Raj Hotel. Inauguration of the 50th years logo of St.George School, New Delhi was held on 03.04.2012. Logo was inaugurated by the Principal Dr. Mrs. Sara George Muthoot in the presence of the Vice President of the School, Mrs. Mihika Mathew Alexander. St. George’s School, New Delhi has received the prestigious “Green School’s Programme Award” instituted by the CSE (Centre for Science and Environment) on 28.03.2012. Principal Dr. Mrs. Sara George Muthoot and other distinguished persons were present in the occasion. Dr. Rajan Gurukkal, Vice Chancellor, M.G. University inaugurated the Certificate distribution of the 3rd batch students of Muthoot College of Allied Health Science & Management Studies. Mr. George Jacob Muthoot, Jt. Managing Director, The Muthoot Group, Prof. N.S. Ramesh Moorthy, Director, Manipal University, Mr. M.G. George Muthoot, Chairman, The Muthoot Group, Mr. George Alexander Muthoot , Managing Director, The Muthoot Group, Dr. Georgie Kurien, Executive Director, Mrs. Valsa Kurien Muthoot, Director, Dr. Samuel Joseph, Medical Superintendent, Dr. K.T. Philip and Mr. Sreekanth G, Muthoot Mr. Babu George, District Panchayath President inaugurates Health Care Division were present on this occasion. the renovated Neuro Surgical ICU of Muthoot Medical Centre, Kozhencherry. Dr. Georgi Kurian, Executive Director, Muthoot Health Care Division, Dr. Samuel Joseph, Medical Superintend, MMC Kozhencherry, Mr. Kurian Madakkal, Ms. Stella Thomas, Fr. Aby, Ms. Saramma Sajan, Fr. Joseph Madathileth were present on this occasion. As a part of World Health Day, Muthoot Medical Centre in association with Mathrubhumi Aarogya Masika, conducted health seminar and free medical camp at Kozhencherry. The Muthoot Health Care Division organized Medical Camp and camp was inaugurated by Kozhencherry Grama Panchayath First Aid awareness Seminar for Police Officers. Mr. K.K. Member Smt. Annie Joseph. Mathrubhumi Circulation Balachandran IPS, Superintendent of Police, Pathanamthitta Manager, Mr. Nandakumar Sarma, Muthoot Medical Centre inaugurated the camp. Smt. Valsa Kurien Muthoot, Director, Medical Superintendent Dr. Samuel Joseph were present on Dr. Samuel Joseph, Superintendent, were present at this this occasion. function. Muthoot Group Managing Director Mr. George Alexander Muthoot Flag off “Back to School Road show” organised by by The “Manual of Instructions” of Muthoot Finance Ltd revised Muthoot Finance in association with Express Money. Muthoot as on 31.03.2012 has released by Mr. M.G. George Muthoot, Group Asst. General Manager Mr.
Recommended publications
  • Extrimist Movement in Kerala During the Struggle for Responsible Government
    Vol. 5 No. 4 April 2018 ISSN: 2321-788X UGC Approval No: 43960 Impact Factor: 3.025 EXTRIMIST MOVEMENT IN KERALA DURING THE STRUGGLE FOR RESPONSIBLE GOVERNMENT Article Particulars: Received: 13.03.2018 Accepted: 31.03.2018 Published: 28.04.2018 R.T. ANJANA Research Scholar of History, University of Kerala, India Abstract Modern Travancore witnessed strong protests for civic amenities and representation in legislatures through the Civic Rights movement and Abstention movement during 1920s and early part of 1930s. Government was forced to concede reforms of far reaching nature by which representations were given to many communities in the election of 1937 and for recruitment a public service commission was constituted. But the 1937 election and the constitution of the Public Service Commission did not solve the question of adequate representation. A new struggle was started for the attainment of responsible government in Travancore which was even though led in peaceful means in the beginning, assumed extremist nature with the involvement of youthful section of the society. The participants of the struggle from the beginning to end directed their energies against a single individual, the Travancore Dewan Sir. C. P. Ramaswamy Iyer who has been considered as an autocrat and a blood thirsty tyrant On the other side the policies of the Dewan intensified the issues rather than solving it. His policy was dividing and rule, using the internal social divisions existed in Travancore to his own advantage. Keywords: civic amenities, Civic Rights, Public Service Commission, Travancore, Civil Liberties Union, State Congress In Travancore the demand for responsible government was not a new development.
    [Show full text]
  • Tamilnadu SSLC History Lesson 9 – One Marks
    www.usefuldesk.com Tamilnadu SSLC History Lesson 9 – One Marks Choose the correct answer: 1. Who was the first President of the Madras Mahajana Sabha? A. T.M. Nair B. P. Rangaiah C. G. Subramaniam D. G.A. Natesan ANSWER: B 2. Where was the third session of the Indian, National Congress held? A. Marina B. Mylapore C. Fort St. George D. Thousand Lights ANSWER: D 3. Who said “Better bullock carts and freedom than a train de luxe with subjection”? A. Annie Besant B. M. Veeraraghavachari C. B.P. Wadia D. G.S. Arundale ANSWER: A 4. Which among the following was SILF’s official organ in English? A. Dravadian B. Andhra Prakasika C. Justice D. New India ANSWER: C 5. Who among of the following were swarajists? A. S. Satyamurti B. Kasturirangar C. P. Subbarayan D. Periyar EVR ANSWER: A 6. Who set up the satyagraha camp in Udyavanam near Madras? A. Kamaraj Website: www.usefuldesk.comFacebook: www.facebook.com/usefuldeskE-mail: [email protected] www.usefuldesk.com B. Rajaji C. K. Santhanam D. T. Prakasam ANSWER: D 7. Where was the anti-Hindi Conference Held? A. Erode B. Madras C. Salem D. Madurai ANSWER: C 8. Where did the congress volunteers clash with the military during Quit India Movement? A. Erode B. Madras C. Salem D. Madurai ANSWER: D Fill in the Blanks: 1. _____________ was appointed the first Indian Judge of the Madras High Court A. T. Muthuswami B. G. Subramaniam ANSWER: A 2. The economic exploitation of India was exposed by _____________ through his writngs.
    [Show full text]
  • Ajit Dayanandan
    1 AJIT DAYANANDAN Accounting and Finance, email: [email protected] College of Business and Public Policy, web: //business.uaa.alaska.edu/directory/profile?id=9 University of Alaska Anchorage (UAA), Phone: (O) (907) 786-4142 3211 Providence Drive, Anchorage, Mobile (907) 726-3061 Alaska, 99508-4614, U.S. Fax: (O) (907) 786-4115 Academic Employment 2017-present Professor of Finance, Accounting and Finance, University of Alaska Anchorage, Anchorage, United States 2014-2017 Associate Professor of Finance, Accounting and Finance, University of Alaska Anchorage, Anchorage, United States 2010-2018 Associate Professor of Finance/Economics, University of Northern British Columbia, Prince George, British Columbia, Canada 2002-2010 Assistant Professor of Finance/Economics, University of Northern British Columbia, Prince George, British Columbia, Canada 2001-2002 Assistant Professor, Economics and Business Program, Thomson Rivers University, Kamloops, British Columbia, Canada 1984-2001 Director, Department of Economics and Policy Research, Reserve Bank of India, Mumbai, India. 1981-1984 Lecturer in Economics, Department of Collegiate Education, Government of Kerala, India. Other Work Experience 2014-15 Securities Exchange Board of India- Development Research Project II- Effectiveness of SEBI’s Complaint Redress System (SCORES) in India. 2013-14 Securities Exchange Board of India- Development Research Project I-Earnings Management in India (Securities and Exchange Board of India. 2013-14 Testing Content Delivery Concepts to Determine the Most Effective Models for increasing Online Users of the Anglers Atlas, MITAC Project. 2008-10 Microfinance and Social Capital: A Comparative Study of SHG Borrowers in Andhra Pradesh and Kerala (with C.B Rajeev, Funded by ICSSR, New Delhi). 2007-08 Microfinance and Microenterprises – A Study of Kudumbashree Project in Kerala (with Louis Oliver Gervais – Submitted to University of Northern British Columbia).
    [Show full text]
  • Dictionary of Martyrs: India's Freedom Struggle
    DICTIONARY OF MARTYRS INDIA’S FREEDOM STRUGGLE (1857-1947) Vol. 5 Andhra Pradesh, Telangana, Karnataka, Tamil Nadu & Kerala ii Dictionary of Martyrs: India’s Freedom Struggle (1857-1947) Vol. 5 DICTIONARY OF MARTYRSMARTYRS INDIA’S FREEDOM STRUGGLE (1857-1947) Vol. 5 Andhra Pradesh, Telangana, Karnataka, Tamil Nadu & Kerala General Editor Arvind P. Jamkhedkar Chairman, ICHR Executive Editor Rajaneesh Kumar Shukla Member Secretary, ICHR Research Consultant Amit Kumar Gupta Research and Editorial Team Ashfaque Ali Md. Naushad Ali Md. Shakeeb Athar Muhammad Niyas A. Published by MINISTRY OF CULTURE, GOVERNMENT OF IDNIA AND INDIAN COUNCIL OF HISTORICAL RESEARCH iv Dictionary of Martyrs: India’s Freedom Struggle (1857-1947) Vol. 5 MINISTRY OF CULTURE, GOVERNMENT OF INDIA and INDIAN COUNCIL OF HISTORICAL RESEARCH First Edition 2018 Published by MINISTRY OF CULTURE Government of India and INDIAN COUNCIL OF HISTORICAL RESEARCH 35, Ferozeshah Road, New Delhi - 110 001 © ICHR & Ministry of Culture, GoI No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage and retrieval system, without permission in writing from the publisher. ISBN 978-81-938176-1-2 Printed in India by MANAK PUBLICATIONS PVT. LTD B-7, Saraswati Complex, Subhash Chowk, Laxmi Nagar, New Delhi 110092 INDIA Phone: 22453894, 22042529 [email protected] State Co-ordinators and their Researchers Andhra Pradesh & Telangana Karnataka (Co-ordinator) (Co-ordinator) V. Ramakrishna B. Surendra Rao S.K. Aruni Research Assistants Research Assistants V. Ramakrishna Reddy A.B. Vaggar I. Sudarshan Rao Ravindranath B.Venkataiah Tamil Nadu Kerala (Co-ordinator) (Co-ordinator) N.
    [Show full text]
  • Details of Unpaid Dividend
    Details of Unpaid Dividend PROPOSED DATE OF AMOUNT (IN TRANSFER TO NAME FATHER'S NAME ADDRESS STATE PINCODE FOLIO RS.) IEPF A GOPAKUMAR ACHUTAN PILLAI P. ACHUTAN PILLAI & CO P.O. BOX 507 W. ISLANO COCHIN Kerala 682003 0021306 56 18‐Jun‐15 A HARI KAK RAO INDIAN BANK WESDA. M G ROAD ERNAKULAM Kerala 682035 0039759 15 20‐Oct‐17 A HARI KAK RAO INDIAN BANK WESDA. M G ROAD ERNAKULAM Kerala 682035 0039759 15 16‐Jul‐17 A HARI KAK RAO INDIAN BANK WESDA. M G ROAD ERNAKULAM Kerala 682035 0039759 806‐Jul‐14 A MATHEW JOSEPH ANTONY ASST.MANAGER (EDP) FINANCE DPT HINDUSTAN NEWSPRINT LTD NEWSPRINT NAGAR Kerala 686616 0007828 20 20‐Oct‐17 A MATHEW JOSEPH ANTONY ASST.MANAGER (EDP) FINANCE DPT HINDUSTAN NEWSPRINT LTD NEWSPRINT NAGAR Kerala 686616 0007828 20 16‐Jul‐17 A MATHEW JOSEPH ANTONY ASST.MANAGER (EDP) FINANCE DPT HINDUSTAN NEWSPRINT LTD NEWSPRINT NAGAR Kerala 686616 0007828 32 18‐Jun‐15 A MATHEW JOSEPH ANTONY ASST.MANAGER (EDP) FINANCE DPT HINDUSTAN NEWSPRINT LTD NEWSPRINT NAGAR Kerala 686616 0007828 10 06‐Jul‐14 A PADMANABHAN P S ARUNACHALA REDDIAR T C 25/1695 ARUNALAYAM MANJALIKULAM RD THAMPANOOR TRIVANDRUM Kerala 695001 0018268 30 16‐Jul‐17 A PADMANABHAN P S ARUNACHALA REDDIAR T C 25/1695 ARUNALAYAM MANJALIKULAM RD THAMPANOOR TRIVANDRUM Kerala 695001 0018268 24 18‐Jun‐15 A VARADARAJAN R V ANANTHANARAYANAN V1/1673 PALACE ROAD THEKKAMADAM COCHIN Kerala 682002 0017215 15 20‐Oct‐17 A ANANTH IYER K ARUNA CHALAM IYER F‐3 GURU VAISHNAV FLATS 1‐A/10 NORTH STREET LAKSHMI NAGAR 4TH STAGE NANGANALLUR Kerala 695607 0007320 10 06‐Jul‐14 A C LOVELIN JAMES GEORGE
    [Show full text]
  • Let Us Transform the 'Present' to Pave the Way for a Brighter 'Tomorrow'!
    A QUARTERLY UPDATE ON THE LATEST HAPPENINGS AT MUTHOOT GROUP VOL XVIII / ISSUE #3/SEPT 16 FOR PRIVATE CIRCULATION ONLY Chairman’s Message Let us transform the ‘present’ to pave the way for a brighter ‘Tomorrow’! It is often stated that ‘attitude determines one’s altitude’! This housing increased its loan portfolio by Rs. 14 crore there by observation is indeed pertinent for it is only an indefatigable establishing its credentials. This is testimony to an increase commitment to self-improvement and a spirit to challenge the in profitability and business growth and can be attributed to unchallenged that achieves positive results. Persistent efforts total revamp in collection mechanism, structural changes in backed by a strong action of rising up to achieve greater operations and improved customer sentiment due to better heights are the essentials for moving towards progress. I practices. As a corporate social drive initiative, Muthoot accordingly urge each one of you to remember, that it is Finance guided the renovation work of the Eye Care Block of the present that counts towards building a brighter future. The General Hospital, Ernakulam. With this, patients coming We thus need to raise the existing bars of our performance for ophthalmological care in the hospital are assured of better to greater levels of achievement. It is only then that we can facilities and care. achieve even the seemingly impossible. I take this opportunity I would like to emphasize that in today’s dynamic business to showcase as to how we rode our strengths and fared in our landscape, it is imperative that we are aware of the changes business processes in the recent months.
    [Show full text]
  • Muthoot Finance Ltd (The “Company” Or the “Issuer”)
    (For Private Circulation Only) SDD No: MAR 2021 Dated: March 01, 2021 Muthoot Finance Ltd (the “Company” or the “Issuer”) Registered and Corporate Office: 2nd Floor, Muthoot Chambers, Opposite Saritha Theatre Complex, Banerji Road, Kochi. India - 682 018 Tel: (+91 484) 239 4712; Fax: (+91 484) 239 6506 Website: www.muthootfinance.com; Email: [email protected] Corporate Identity Number: L65910KL1997PLC011300 Company Secretary and Compliance Officer: Rajesh A Tel: (+91 484) 6690247; Fax: (+91 484) 239 6506; E-mail: [email protected] SHELF DISCLOSURE DOCUMENT (“SDD”) FOR ISSUE OF 17,070 SECURED, REDEEMABLE, NON- CONVERTIBLE DEBENTURES - LISTED (“SECURED NCDs”/ “DEBENTURES”), OF FACE VALUE OF RS. 10,00,000/- EACH FOR CASH AGGREGATING TO RS.17,070 MILLION (“SHELF LIMIT”) ON A PRIVATE PLACEMENT BASIS (“ISSUE”). THE SECURED NCDs WILL BE ISSUED IN ONE OR MORE TRANCHES (EACH A “TRANCHE ISSUE”) ON TERMS AND CONDITIONS AS SET OUT IN THE RELEVANT TRANCHE DISCLOSURE DOCUMENT (“TDD”) FOR ANY TRANCHE ISSUE THIS SDD IS NOT AN INVITATION FOR THE PUBLIC TO SUBSCRIBE TO ANY OF THE SECURITIES OF MUTHOOT FINANCE LIMITED, AND HENCE IT IS NEITHER A PROSPECTUS NOR A STATEMENT IN LIEU OF A PROSPECTUS. THIS IS ONLY AN INFORMATION BROCHURE INTENDED FOR PRIVATE USE AND SHOULD NOT BE CONSTRUED TO BE AN INVITATION TO THE PUBLIC FOR SUBSCRIPTION TO SECURITIES UNDER ANY LAW FOR THE TIME BEING IN FORCE. THE COMPANY CAN AT ITS SOLE AND ABSOLUTE DISCRETION CHANGE THE TERMS OF THE OFFER. THE COMPANY RESERVES THE RIGHT TO CLOSE, RECALL, EXTEND OR MODIFY THE TERMS OF
    [Show full text]
  • Onwards and Upwards. Let's Move Forward, Together!
    FOR PRIVATE CIRCULATION ONLY A QUARTERLY UPDATE ON THE LATEST HAPPENINGS AT MUTHOOT GROUP VOL XVIII / ISSUE #1/MAR 16 Chairman’s Message Onwards and Upwards. Let’s move forward, together! We are living in a rapidly evolving business environment where it is necessary to remain alive to new possibilities and not be resistant to change. With ‘disruption’ on the rise, competitive advantage can be achieved only if we commit to continuously adapt, explore and discover new ways to face the oncoming challenges. I would like to share with you how we have fared in our endeavours. Muthoot Finance Ltd. recorded an increase in net profit of 21% at Rs. 187 crore for the quarter ended December 2015 as against Rs. 154 crore in the last financial year. Retail loans have registered an increase of Rs. 117 crore during the quarter three of FY’15-16 and an increase of Rs. 1582 crore (7%) during the last 9 months, I.e, 1st April, 2015- 31st Dec, 2015. In its first complete financial year as a subsidiary of Muthoot Finance, Asia Asset Finance Plc, Sri Lanka has definitely propelled it’s way ahead in its business. The financial results for the nine months period underscore the success of the strategies adopted.The interest income of the company has increased by 42% at LKR 983 million, which has contributed to the overall improvement of its profitability by 54% reaching LKR 121 million. The Company’s asset base grew by 36% reaching the LKR 7 billion milestone. The introduction of Gold Loans and the expansion of Micro Finance portfolio have contributed to this year’s growth.
    [Show full text]
  • Conflict Between Home Rule League and Non-Brahmin Movement
    Vol. 5 No. 3 January 2018 ISSN: 2321-788X UGC Approval No: 43960 Impact Factor: 2.114 CONFLICT BETWEEN HOME RULE LEAGUE AND NON-BRAHMIN MOVEMENT Article Particulars: Received: 24.11.2017 Accepted: 11.12.2018 Published: 20.01.2018 E.SELVAMANI, M.A., M.Phil., Ph.D.Research Scholar (Full – Time), PG & Research Department of History Government Arts College for Men, Krishnagiri, Tamil Nadu, India Abstract The Birth of the Home Rule Movement synchronised with the consolidation of non-Brahmin Movement. In fact the catalyst which triggered the formation the formation of non-Brahmin political organisation was the emergence of the Home Rule League of Annie Besant on 25th September 1915.1 The associates of Annie Besant were all Brahmins and her views were derived from the Brahmin influenced works of Puranas, Manu Code, the epics, hindu heros and Festivals of Hinduism.2 These views were strongly ridiculed and their credibility was questioned by the well versed non-Brahmins. Thus the development of the Home Rule Movement and its counterpart Dravidian ideology created a new dimension in the politics of the state of Madras and was pushed into the Fore-Front of hat political wave. As a matter of fact, the arrival of Annie Besant put an end to the factional fight and internal feud in Tamil Nadu Congress. And her definite campaign for Home Rule demand confronted the British with the most serious and largest movement among the dissidence of Tamil Nadu. To check the possible Brahmin domination through the Home Rule agitation, the non-Brahmins stood firmly against the transfer of power from the British to Brahmin overlordship or Brahmin oligarchy.3 Keywords: Home Rule Movement, non-Brahmin Movement, Annie Besant, Manu Code, Tamil Nadu Congress, Justice Party Non-Brahmin Manifesto The prominent non-Brahmin leaders like T.M.
    [Show full text]
  • Authors' Pre-Publication Copy Dated March 7, 2021 This Article Has Been
    Authors’ pre-publication copy dated March 7, 2021 This article has been accepted for publication in Volume 19, Issue 1 of the Northwestern Journal of Technology & Intellectual Property (Fall 2021) Artificial Intelligence as Evidence1 ABSTRACT This article explores issues that govern the admissibility of Artificial Intelligence (“AI”) applications in civil and criminal cases, from the perspective of a federal trial judge and two computer scientists, one of whom also is an experienced attorney. It provides a detailed yet intelligible discussion of what AI is and how it works, a history of its development, and a description of the wide variety of functions that it is designed to accomplish, stressing that AI applications are ubiquitous, both in the private and public sector. Applications today include: health care, education, employment-related decision-making, finance, law enforcement, and the legal profession. The article underscores the importance of determining the validity of an AI application (i.e., how accurately the AI measures, classifies, or predicts what it is designed to), as well as its reliability (i.e., the consistency with which the AI produces accurate results when applied to the same or substantially similar circumstances), in deciding whether it should be admitted into evidence in civil and criminal cases. The article further discusses factors that can affect the validity and reliability of AI evidence, including bias of various types, “function creep,” lack of transparency and explainability, and the sufficiency of the objective testing of the AI application before it is released for public use. The article next provides an in-depth discussion of the evidentiary principles that govern whether AI evidence should be admitted in court cases, a topic which, at present, is not the subject of comprehensive analysis in decisional law.
    [Show full text]
  • 533398 Symbol: MUTHOOTFIN
    Scrip Code: 533398 Symbol: MUTHOOTFIN Ref: SEC/MFL/SE/2018/2998 December 06, 2018 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Department of Corporate Services Plot no. C/1, G Block, P. J. Tower, Dalal Street, Bandra-Kurla Complex Mumbai 400 001 Bandra (E), Mumbai - 400 051 Dear Sir/Madam, Re: Press release on Unaudited Financial Results for the quarter and half year ended September 30, 2018 The Board of Directors at their meeting held on December 06, 2018 has announced unaudited financial results for the quarter and half year ended September 30, 2018. We herewith enclose a copy of Press Release to be made in the leading newspapers across the country. This is for your kind information and record thereon. For Muthoot Finance Limited Maxin James Company Secretary Kochi, December 06, 2018: Consolidated Loan Assets Under Management increase by 21% YoY at Rs.35956crs as on September 30th , 2018 Standalone Net Profit increase by 23% YoY at Rs.975crs for H1FY19 Standalone & Consolidated Loan Assets of Muthoot Finance Ltd Muthoot Finance Ltd Consolidated Loan Assets under management achieved a YoY increase of 21% at Rs.35956 crs as against last year of Rs. 29646crs. During the quarter Consolidated Loan Assets under management increased by 5% of Rs.1642 crs. Q2FY19 Q2FY18 YoY (%) Q1FY19 QoQ (%) FY 18 YTD (%) Consolidated Gross 35956 29646 21% 34316 5% 32159 12% Loan Assets of the Group* (Rs. In crores) Gross Loan Assets of 32319 27613 17% 30997 4% 29142 11% Muthoot Finance Gross Loan Assets of 3637 2033 79% 3319 10% 3017 21% Subsidiaries Contribution of Subsidiaries in the Consolidated Gross 10% 7% - 10% - 9% - Loan Assets of the Group* Group Branch Network 4765 4516 6% 4688 2% 4596 4% *Muthoot Finance Ltd and its 3 subsidiaries involved in lending business.
    [Show full text]
  • Muthoot Health Care Private Limited: Rating Reaffirmed Summary Of
    August 07, 2020 Muthoot Health Care Private Limited: Rating reaffirmed Summary of rating action Previous Rated Current Rated Instrument* Amount Amount Rating Action (Rs. crore) (Rs. crore) Long-term – Fund Based/TL 13.22 9.52 [ICRA]BBB- (Stable); reaffirmed Long-term – Fund Based/CC 2.50 5.00 [ICRA]BBB- (Stable); reaffirmed Long-term – Unallocated - 1.20 [ICRA]BBB- (Stable); reaffirmed Total 15.72 15.72 *Instrument details are provided in Annexure-1 Rationale The rating reaffirmation favourably factors in the strengths Muthoot Health Care Private Limited (MHPL) derives as a part of the Muthoot Group, which has a diversified presence in sectors like financial services, hospitality, healthcare, education. The rating also considers the regular funding support provided to the entity by the promoters in the form of unsecured loans. This apart, the ratings positively factor in the hospital’s long track record of operations, good quality multispecialty infrastructure and the personal involvement of the Muthoot family in the same. The rating, however, remains constrained by the hospital’s net losses due to moderate occupancy as the Group runs the hospitals for philanthropic purposes and offers subsidised rates for various medical facilities. The company has been posting net losses, given higher depreciation and interest expenses, despite generating operating profits from FY2018. The hospitals face competition from various hospitals in the vicinity as well as from the nearby cities. The Stable outlook on the [ICRA]BBB- rating reflects ICRA’s opinion that MHPL will continue to benefit from the extensive experience of its promoters and their personal involvement, aided by the reputation of the Muthoot Group.
    [Show full text]